stoxx 600 drops 1.7% ecb boosts qe and lowers ratesadh adairs 15 mar 2016 06 apr 2016 5.00 100.00...
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Stoxx 600 drops 1.7%
ECB boosts QE and lowers rates
wise-owl.comPowered by
U.S. stocks closed little changed after swinging between gains and
losses, as investors assessed fresh stimulus measures unleashed by
the European Central Bank.
Equities stormed back in a final-hour rebound to briefly erase declines
in major indexes that had reached more than 1 percent. The S&P 500
Index rose less than 0.1 percent to 1,989.5 at 4 p.m. in New York, after
dropping 1 percent.
European stocks, which surged after the European Central Bank
unveiled its stimulus package, reversed gains after President Mario
Draghi said he doesn’t anticipate further rate cuts.
The Stoxx Europe 600 Index lost 1.7 percent at the close of trading,
the biggest drop in two weeks. The benchmark earlier jumped as much
as 2.5 percent after the ECB lowered its three main interest rates,
increased bond purchases by a third and made corporate debt eligible.
Shares then headed lower after Draghi’s comments stoked concern
that the central bank has limited monetary-policy tools in the future.
US and European Equities Volatile after ECB Meeting
YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change
S&P500 +0.02%
Dow Jones -0.03%
NASDAQ -0.26%
STOXX 600 -1.66%
FTSE100 -1.78%
DAX30 -2.31%
Crude Oil -1.18%
Gold +1.22%
The benchmark index ASX 200 swung between gains and losses in
yesterday’s session before closing 0.1% lower at 5150 points.
The sectors had a mixed performance as Discretionary and Energy
closed 0.7% and 0.6% higher while Healthcare stocks declined 1.5%
as a group.
CSL Limited (CSL) dropped 0.9%, Ramsay Healthcare (RHC) shed
2.6% and Sonic Healthcare (SHL) closed 0.9% lower.
The Financials sector closed little changed while all big four banks
gained with National Australia Bank (NAB) adding 0.5% while Westpac
Banking Group (WBC) gained 0.3%. However most of the other
financial stocks such as Bendigo and Adelaide (BEN), Bank of
Queensland (BOQ) and CYBG Plc (CYB) declined yesterday.
Chinese Inflation data showed that its Consumer Price Index rose
2.3% year-on-year in February, against a 1.8% rise in the previous
month.
The Reserve Bank of New Zealand slashed the interest rates by
0.25% to a record low of 2.25%.
ASX Closes Marginally Lower; Sectors were a Mixed Bag
THE ASX YESTERDAY IN REVIEW AUS Ticker Change
ASX200 -0.14%
ALLORDS -0.09%
CBA +0.37%
BHP -0.73%
WBC +0.28%
NAB +0.51%
WOW -1.37%
CGF +1.56%
IAG +0.18%
DAILY PRICE ACTIVITY AUSTRALIA
ASX200 price action yesterday
UPCOMING DIVIDENDS
Courtesy of http://www.morningstar.com.au/Stocks/UpcomingDividends
Tasty dividends & distributions
DATE CODE COMPANY ANNOUNCEMENTASX CODE COMPANY NAME EX DIVIDEND PAY DATE AMOUNT FRANKING %
NABPC -- 14 Mar 2016 23 Mar 2016 102.39 100.00
ADH Adairs 15 Mar 2016 06 Apr 2016 5.00 100.00
ALU Altium 15 Mar 2016 06 Apr 2016 10.00 0.00
ANZPE -- 15 Mar 2016 24 Mar 2016 192.50 100.00
ANZPF -- 15 Mar 2016 24 Mar 2016 204.71 100.00
APD APN Property 15 Mar 2016 12 Apr 2016 1.25 100.00
BWF Blackwall Property Funds 15 Mar 2016 06 Apr 2016 1.70 100.00
BWR Blackwall Property Trust 15 Mar 2016 06 Apr 2016 6.00 0.00
CIM CIMIC Group 15 Mar 2016 08 Apr 2016 50.00 100.00
DWS DWS 15 Mar 2016 04 Apr 2016 4.75 100.00
EPX Ethane Pipeline 15 Mar 2016 15 Apr 2016 3.25 77.09
MBLPA -- 15 Mar 2016 24 Mar 2016 236.88 40.00
WHATS HOT?
DATE CODE COMPANY ANNOUNCEMENT
WHATS NOT?
SGR.asx - steaming hot HIL.asx - cooling down
Shares of The Star Entertainment Group
reached a new high yesterday to close at $5.40.
The casino operator recently announced
positive results with normalised NPAT up 26%
for the six months to December 2015 . The
normalised gross revenue grew 6.7% compared
to pcp.
The share price of the electronics manufacturer
Hills Limited slumped over 42% year-to-date.
The company recently released a gloomy
financial result for the first half of FY16, with a
net loss of $68.9 million due to a 28% fall in
revenue. The company booked more than $90
million in write-downs during the period.
ECONOMIC NEWS
What to look out for:
DATE CODE COMPANY ANNOUNCEMENT
No economic news for
Australia
UK trade balance data to
be released at 8:30 PM
(AEDT)
NEWSWORTHY
This caught our attention..
DATE CODE COMPANY ANNOUNCEMENTACCC Approves for Coles to Acquire Five
Supabarn Supermarkets
Owner of the supermarket giant Coles, Wesfarmers (ASX:WES)
announced that The Australian Competition and Consumer
Commission (ACCC) has approved for its restructured proposal to
acquire five Supabarn supermarkets in the NSW and ACT regions.
Supabarn is a privately owned supermarket operator with nine
stores operating in the ACT and NSW and two development sites.
Apart from Coles and Woolworths, Supabarn is the only operator
providing ‘full-line’ supermarkets that include a liquor section in the
ACT region.
Coles had originally proposed to acquire all nine supermarkets
from Supabrarn. The competition watchdog had raised concerns
over the proposal in September 2015, stating that the acquisition
would most likely not result in a ‘healthy competitive’ environment.
Read the full story here: https://www.wise-owl.com/news/accc-
approves-for-coles-to-acquire-five-supabarn-supermarkets
LATEST UPDATE FROM WISE-OWL
Mint Payments Ltd (MNW)
CODE COMPANY ANNOUNCEMENTGrowth Portfolio: Mint Payments Ltd (MNW) -
Spec Buy
ASX:MNW
Mint Payments Limited (“Mint”, the Company”), is an Australian
technology company focused on payment solutions, transaction
processing and ecommerce. Mint’s payment technology allows
enterprises to accept credit card and debit card payments on most
devices. The Company has offices and operations in Australia,
Singapore and New Zealand. Founded in 2007, Mint listed on the
Australian Securities Exchange (“ASX”) in 2009.
Mint is recording strong user growth on its platform and total
transaction values have increased 243% year-on-year largely
driven by its major customers Bank of New Zealand and MYOB.
Revenue has increased at an average rate of 140% over the past
three years.
SPEC BUY | Last Price: $0.085 | Target: $0.20 | Stop: $0.05 |
Outlook: 12m+
Click Here for the Full Report
OUR VIEWS AT A GLANCE
Find below a summary of Wise-owl’s current market views
CODE COMPANY ANNOUNCEMENT
The ASX 200 remains in a medium-term downtrend
We continue to focus on small-mid cap stocks
We remain cautious on the resource sector
Bullish view for European equities
There are individual opportunities on the ASX 200
We favour the risk/reward ratio for gold miners
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DATE CODE COMPANY ANNOUNCEMENT
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